iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) Stock Short Interest Declines 55.0%

iShares A.I. Innovation and Tech Active ETF (NYSEARCA:BAI) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 579,102 shares, a decline of 55.0% from the September 15th total of 1,286,460 shares. Based on an average daily volume of 6,749,896 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

iShares A.I. Innovation and Tech Active ETF Trading Down 1.2%

NYSEARCA:BAI traded down $0.56 during trading hours on Tuesday, reaching $46.28. 2,511,031 shares of the company traded hands, compared to its average volume of 3,304,320. The business’s 50-day moving average price is $45.55 and its two-hundred day moving average price is $44.90. The stock has a market capitalization of $14.17 billion, a P/E ratio of 45.43 and a beta of 2.33. iShares A.I. Innovation and Tech Active ETF has a 1 year low of $30.82 and a 1 year high of $54.46.

Hedge Funds Weigh In On iShares A.I. Innovation and Tech Active ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Cahill Financial Advisors Inc. increased its stake in shares of iShares A.I. Innovation and Tech Active ETF by 11.0% in the second quarter. Cahill Financial Advisors Inc. now owns 341,560 shares of the company’s stock worth $18,007,000 after purchasing an additional 33,902 shares in the last quarter. Shah Wealth Advisors LLC bought a new stake in shares of iShares A.I. Innovation and Tech Active ETF during the 2nd quarter valued at $20,622,000. Sageworth Trust Co raised its position in shares of iShares A.I. Innovation and Tech Active ETF by 42.4% during the 1st quarter. Sageworth Trust Co now owns 42,278 shares of the company’s stock valued at $1,393,000 after purchasing an additional 12,585 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 1st quarter valued at $1,508,000. Finally, Blue Edge Capital LLC purchased a new position in shares of iShares A.I. Innovation and Tech Active ETF during the 2nd quarter valued at $15,282,000.

About iShares A.I. Innovation and Tech Active ETF

The iShares A.I. Innovation and Tech Active ETF (BAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of global AI and technology equities across all market capitalizations. Holdings are selected using proprietary, fundamental research. BAI was launched on Oct 21, 2024 and is issued by BlackRock.